Xenon Pharmaceuticals Expands Workforce with Share Options
Xenon Pharmaceuticals Expands Workforce with Share Options
Vancouver, British Columbia and Boston – Xenon Pharmaceuticals Inc. (Nasdaq: XENE), a biopharmaceutical powerhouse known for its focus on neuroscience, recently announced an exciting development regarding equity inducement grants. These grants were given to six new non-officer employees, totaling 24,750 share options. The initiative, approved by the company’s Board of Directors Compensation Committee, reflects Xenon’s commitment to attracting talented individuals capable of driving innovation.
Details of the Share Options Grant
The share options, which were granted on June 23, 2025, come with an exercise price set at $31.49 per common share. This price corresponds to the closing share price of Xenon’s stock on the date of the grant, demonstrating a direct alignment between the company and its new employees. What’s remarkable about these grants is that they are structured to vest over a period of four years. Initially, 25% of the options will vest after one year, followed by monthly vesting of the remaining options, proportionately spread out over 36 months, provided the employees maintain their roles and continue serving the company.
Understanding the Inducement Equity Incentive Plan
Each share option awarded to the employees is valid for a span of ten years, and is subject to terms outlined in the company’s 2025 Inducement Equity Incentive Plan. This thoughtful structure not only incentivizes performance but also fosters a strong sense of loyalty and commitment among the staff, which is essential in today’s competitive market for talent.
About Xenon Pharmaceuticals Inc.
Xenon Pharmaceuticals (Nasdaq: XENE) is at the forefront of biopharmaceutical innovation. With a keen focus on neuroscience, the company is committed to developing transformative therapeutics for patients facing significant health challenges. Their portfolio primarily targets areas with considerable unmet medical needs, including conditions like epilepsy and depression. One of their standout products, Azetukalner, is a highly selective Kv7 potassium channel opener that holds promise as a groundbreaking treatment in late-stage clinical development.
The work done by Xenon is vital, as it aims to provide effective solutions for patients who often have limited options. By investing in new employees and fostering growth through ingenious incentive programs, Xenon is ensuring that it builds a dynamic team dedicated to pursuing its mission of improving lives through innovative healthcare advancements.
Company Contact Information
For Investors:
Chad Fugere
Vice President, Investor Relations
(857) 675-7275
investors@xenon-pharma.com
For Media:
Colleen Alabiso
Senior Vice President, Corporate Affairs
(617) 671-9238
media@xenon-pharma.com
Frequently Asked Questions
What recent incentive grants did Xenon Pharmaceuticals announce?
Xenon Pharmaceuticals announced equity inducement grants totaling 24,750 share options to six new employees.
What is the exercise price of the share options granted?
The exercise price for the granted share options is $31.49 per common share.
How do the share options vest over time?
The share options vest over four years, with 25% vesting on the first anniversary and the rest vesting monthly thereafter.
What is Azetukalner?
Azetukalner is a potent Kv7 potassium channel opener developed by Xenon, currently in late-stage clinical trials for various indications.
How can investors and media contact Xenon Pharmaceuticals?
Investors can reach out to Chad Fugere and media inquiries can be directed to Colleen Alabiso through their respective email addresses provided.
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